Families can now make use of our Child Care Subsidy Calculator - a quick and easy alternative to Centrelink's Payment and Service Finder - to estimate their level of fortnightly support and their out-of-pocket “gap” fee under the new Child Care Subsidy (CCS).
The calculator asks families a set of questions about their circumstances, including their shared income and estimated hours of work/study along with the "hourly rate"
of their particular early learning service, to provide an estimate of their fortnightly Child Care Subsidy.
When looking at the CCS estimate the calculator produces, please bear in mind that 5 per cent (5%) of your weekly Child Care Subsidy entitlement will be withheld until the end-of-year reconciliation.
Families are also reminded to complete their Child Care Subsidy assessment by providing some new information and confirming their details using their Centrelink online account through myGov
- they need to do this before 2 July 2018
to ensure the new subsidy is paid to their early learning service on their behalf.
ACA would like to thank Mr Patrick Shi from Investment Property Calculator for producing the Child Care Subsidy Calculator.
For more information about his services visit the website - https://www.investmentpropertycalculator.com.au